The $4 trillion false alarm: Frenzy over India's stellar GDP growth premature

During the much-anticipated cricket match that held the nation’s attention most of Sunday afternoon and evening, a flurry of tweets from key figures within the Modi government claimed a significant economic milestone for India—that we had crossed the $4 trillion mark in GDP. Among those who took to X (formerly Twitter) to post about it … Read more

Argentina drivers hunt for fuel ‘like water in the desert’ amid shortage

Argentine drivers ran the gauntlet on Monday to find scarce supplies of petrol to fill their tanks amid the most acute fuel shortage in years, which has left many filling stations out of supply and long lines at any pumps still operating. The South American country, a major shale oil and gas producer, has suffered … Read more

‘World’s safest asset’ proves anything but amid wild treasuries

A surprisingly strong US economy and mixed signals from the Federal Reserve have fuelled some of the wildest swings in treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months to come, market watchers say. Dubbed the “world’s safest asset,” treasuries have … Read more

Home Sellers Take On the Realtors Cartel

The 1.5 million-member National Association of Realtors spent $81.7 million on political lobbying in 2022, more than any other business group. Behind the teachers unions, it ranks as the most powerful special interest in the country. Though it claims to help consumers, it is a cartel that seeks primarily to enrich its members by expanding … Read more

Profits of big biz surged in FY21, when economy contracted

New Delhi: Large established businesses have not only withstood the economic contraction induced by the coronavirus pandemic in FY21, but posted strong double-digit growth, more than making up for the drop in income seen by smaller companies and lifting the overall gross corporate income by 30% in the pandemic year from the year-ago period, official … Read more

premium segments thrive, low-income groups struggle

India’s domestic economy is experiencing a notable divergence, with premium and luxury goods seeing robust demand. In contrast, essential goods face headwinds owing to high inflation, according to Amnish Aggarwal, head of research at equity research and advisory firm Prabhudas Lilladher. The firm’s latest report states that all eyes are now on festive demand in … Read more

Economic data collected during caste survey to be tabled in Bihar assembly: Nitish Kumar

Bihar Chief Minister Nitish Kumar on Wednesday said details collected as part of the caste survey, including the economic condition of households, will be tabled before the state assembly. He was responding to queries from journalists, on the sidelines of a function organised here to mark the birth anniversary of legendary socialist leader Jayaprakash Narayan, … Read more

The UAW Has the Wrong Target for 'Corporate Greed'

The union’s auto workers do far better financially than the academic proletariat it represents. Source link

How to Solve the Migrant Crisis

Let’s get back to a U.S.-led growth agenda for the region. It has worked before. Source link

The Biden-Trump 'Double Referendum'

The first presidential campaign since 1892 with two ‘incumbents.’ Source link